0128 GMT - The yen strengthens against most other G-10 and Asian currencies in the morning session, aided by growing prospects of further BOJ rate increases. Preliminary government data released earlier showing Japan's economy grew 2.8% on an annualized basis in 4Q was much faster than consensus expectations, RBC Capital Markets' Alvin T. Tan says in an email. Japan's quarterly growth has posted positive readings in the past three quarters, which will comfort the BOJ as it considers the possibility of speeding up the pace of policy normalization, the head of Asia forex strategy adds. USD/JPY falls 0.3% to 151.86; AUD/JPY edges 0.1% down to 96.60. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 16, 2025 20:28 ET (01:28 GMT)
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